14 August, 2024 | Tax Notices
If the IRS wants information from you, they will simply request it, but if you don't comply, they may issue a formal summons. The IRS has the legal right to issue summons to taxpayers and to third parties that have info about taxpayers. For example, if you are going through a tax audit... CONTINUE READING
11 July, 2024 | Tax Issues Tax Notices
Millions of dollars have been completely lost over the years as a result of professional tax scams, so it makes sense to be a little skeptical if you receive a notification from the IRS in the mail. This type of letter might also cause some anxiety, too, which is completely normal. ... CONTINUE READING
5 May, 2024 | Tax Debt Tax Notices
What is an IRS Notice of Deficiency? An IRS Notice of Deficiency is an official letter you receive from the IRS if the tax agency determines that you owe them more money after you’ve already filed your yearly income tax return. This claim will happen if the IRS makes a legal determination that you owe additional income tax. This notice will note the unpaid tax debt plus interest and could potentially include penalties, too. The IRS might determ... CONTINUE READING
8 September, 2023 | Tax Notices
Taxpayer's Guide to the IRS CP503 Notice IRS Notice CP503: Second Reminder of Unpaid Taxes If you owe taxes, the IRS sends out numerous reminders and demands for payments. The CP503 notice is generally the second notice that the IRS sends, and it comes after the CP501. If you don't respond to CP503, the IRS will send CP504, which gets much more severe. Tired of... CONTINUE READING
1 September, 2023 | Tax Notices
Help! I Received IRS Notice CP504 What to Do If You Receive Notice CP504 Receiving notices from the IRS can be stressful. The letters often use confusing language and outline all of the scary things the IRS can do if you don't pay. When you have an unpaid tax debt, the IRS usually sends a few letters to remind you about the balance, and then the agency starts sending more seriou... CONTINUE READING
1 June, 2023 | Tax Issues Tax Laws Tax Notices
Taxpayer's Guide to IRS Notice CP2000 What to Expect if You Receive a Notice About Underreported Income The IRS sends out Notice CP2000 to taxpayers who have underreported their incomes. This notice makes changes to your tax return, and if you don't respond, you will incur a tax bill. Wondering what to expect? Not sure why you got this notice? Then, keep reading for an overview. To get help now, contact us at The Timothy S. Hart Law Group, P.C., toda... CONTINUE READING
10 May, 2023 | Tax Notices
Help! What Does This IRS Notice Mean? Receiving a notice from the IRS can be stressful and confusing. These notices are often intimidating and hard to understand, but to help you out, we've put together resources on the most common IRS notices. To learn more, check out the following links or contact us directly. At the Timothy Hart Law Group, we are devoted to helping clients deal with their IRS and state tax issues. We can help you decipher your notice and deal with your tax proble... CONTINUE READING
Summary The IRS has 10 years to collect unpaid taxes, which is called the Collection Statute Expiration Date (CSED). The CSED is triggered when the IRS assesses taxes or a tax return is filed. Certain events, like filing for bankruptcy or applying for an Offer in Compromise (OIC), can t...
